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FXC iRSI DivergencE MT5

FXC iRSI-DivergencE MT5 Indicator

This is an advanced RSI indicator that finds trend-turn divergences on the current symbol. The indicator detects divergence between the RSI and the price movements as a strong trend-turn pattern.

Main features:

  • Advanced divergence settings
  • Price based on Close, Open or High/Low prices
  • Give Buy/Sell open signals
  • PUSH notifications
  • E-mail sending
  • Pop-up alert
  • Customizeable Information panel
Input parameters:
  • RSI Period: The Period size of the RSI indicator.
  • RSI Applied Price: Applied price for the RSI indicator. It can be: Close, Open, High, Low, Median, Typical, Weighted.
  • Symbol Applied Price: Applied price of the current symbol. It can be: Close, Open, Low(B)/High(S).
  • Minimum A-B Price Movements (pip): Determines the minimum price movements between the A' and B' points of the divergence.
  • Minimum A-B RSI Movements (point): Determines the minimum RSI value movements between the A' and B' points of the divergence.
  • Minimum Bars Between A' and B' (bars): The number of minimum bars allowed between the A' and B' points.
  • Maximum Bars Between A' and B' (bars): The number of maximum bars allowed between the A' and B' points.
  • Buy Maximum A' RSI-Value (OFF: 100): The maximum RSI value of the A' point of the Buy divergence.
  • Sell Minimum A' RSI-Value (OFF: 0): The minimum RSI value of the A' point of the Sell divergence.
  • Buy Maximum Highest A-B RSI-Value (OFF: 100): The highest RSI value allowed between A' and B' points for Buy divergence.
  • Sell Minimum Lowest A-B RSI-Value (OFF: 0): The minimum lowest RSI value allowed between A' and B' points for Sell divergence.
  • RSI-Divergence Lines (ON): Draws divergence lines to the indicator window at signals.
  • Price-Divergence Lines (ON): Draws divergence lines to the price chart at signals.
  • Signal Arrow (ON): Draws arrows to the chart at signals.
  • PUSH Notification (ON): Sends PUSH notifications at signals.
  • Pop-up Window Alert (ON): Sends pop-up alerts at signals.
  • E-mail Sending (ON): Sends e-mails at signals.
  • Infopanel (ON): Switch Turns the information panel on or off.
  • Infopanel Color-1: Color-1 of the information panel.
  • Infopanel Color-2: Color-2 of the information panel.
  • Infopanel Color-3: Color-3 of the information panel.
  • Infopanel Background (ON): Turns the background of the information panel on or off.
  • Infopanel Background Color: Sets the background color of the information panel.
  • Divergence Price-Line Buy-Color: Divergence Price-Line color of the Buy signs.
  • Divergence Price-Line Sell-Color: Divergence Price-Line color of the Sell signs.
  • Divergence Price-Line Width: Width of the Price-Line.
  • Divergence Price-Line Style: Style of the Price-Line.
  • Divergence RSI-Line Buy-Color: Divergence RSI-Line color of the Buy signs.
  • Divergence RSI-Line Sell-Color: Divergence RSI-Line color of the Sell signs.
  • Divergence RSI-Line Width: Width of the RSI-Line.
  • Divergence RSI-Line Style: Style of the RSI-Line.
  • Arrow Color Buy: Arrows color for Buy signals.
  • Arrow Color Sell: Arrows color for Sell signals. 
  • Arrow Size: Size of the Arrows.
  • Arrow Shift Buy (Low + X pip): With this parameter, you can shift the price of the Buy arrows relative to the Low price. 
  • Arrow Shift Sell (High + X pip): With this parameter, you can shift the price of the Sell arrows relative to the High price.
  • Drawback (bars): Number of bars drawn divergence signs back in the past.
Information Panel:
  • Price Applied: Applied price of the current symbol.
  • RSI(14) Applied: Applied price of the RSI incidator. In the parentheses, there is the Period size of the RSI.
  • RSI Value[0,1]: RSI values of the last two bars.
  • Last Divergence: Shows the time of the last divergence sign. The B' or S' represents the direction: Buy or Sell.
  • Indicator(1): Shows the name of the indicator. The number in the parentheses represents the subwindow of the indicator.

Buttons:

  • There are three little buttons at the right-upper corner of the information panel.
  • RED button: It removes the indicator from the chart.
  • WHITE button: Do nothing.
  • GREEN button: It turns on or off the information panel.

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This indicator can be used to display Support and Resistance levels according to  the  Malaysian SNR concept , in which Support and Resistance are exact levels of a line chart. Malaysian SNR There are 3 different horizontal levels in Malaysian SNR: A-Level : This level is located at the peak of this line chart. (shape looks like the letter A) V-Level : Level at the valley of a line chart, (shape looks like the letter V) Gap-Leve l: This level is located at the Close/Open gap between two cand
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TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
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Versión 1.3 2023.01.16
Smaller stylistic corrections were made.
Versión 1.2 2020.10.30
An error has been fixed in the text of the email.
Versión 1.1 2020.08.18
Signal buffer assigned.